CAPITAL MARKETS

ASX likely to struggle early

Aussie futures were down 29 points this morning after a weak session on Wall Street on Friday

Staff reporter

This article is 3 years old. Images might not display.

The S&P 500 dropped 1.3% on Friday.

The attention has turned back to interest rate rises after employment data released on Thursday.

Comex gold futures hit their lowest level this month, falling to US$1760.50 an ounce.

All eyes are on Federal Reserve president Jerome Powell's speech at the Jackson Hole symposium this week.

Among stocks, Newmont Corporation hit a 52-week low, while Barrick Gold came close.

Gold miners dropped 1.3% overall in Toronto.

Among the base metals, nickel rose 2.2% to $22,176 per tonne, while copper was up 0.7% to $8100/t.

Aluminium and lead fell.

Oil rose slightly to $90.77 a barrel.

The Australian dollar was trading at 68.73c, about a one-month low.

Updated: 22-08-2022

TOPICS:

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.